please ans the question

a Practice Exercise 2.5 For each of the following transactions, Identify the account names and the account type using the chart of accounts printed on the inside cover of this textbook. (LOS) Transaction Account Name/Type Paralegal contributed 510,000 to the legal services firm from personal funds. Paralegal took a draw (51,200) against the legal services firm's equity for personal use. 3 Paralegal purchased a new all-in-one printer for the office (5350) with cash. Paralegal paid bookkeeper for bookkeeping services ($1,000) with cash. 5 Paralegal paid office rent, which included utilities and telephone ($1,500), with cash 6 Paralegal billed a client for professional fees and received payment from the client ($1,700). Paralegal paid Law Society dues (51,100). 8 Paralegal paid principal and interest on her bank loan ($500 principal; $100 interest). LEGAL ACCOUNTING EXETICE Practice Exercise 2.6 EXCEE Using the transactions from Practice Exercise 2.5, complete the following accounting equations. Assume that the opening balances are as follows: Assets: $5,000; Liabilities: $2,500; and Owner's Equity: $2,500 (Capital). List each transaction entry under the appropriate heading of the expanded accounting equation. (205) Ann Litigate Paralegal Services May 1 - May 31 LIABILITIES OWNER'S EQUITY ASSETS + Revenue Withdrawals TRANSACTION Expens - 1 Capital 2,500 - - + 2,500 + + Opening 5.000 + 1 1 + 1 1 + 2 - - - = + + 3 = + - + ! + 5 + 6 + + 7 1 1 1 1 + + + + + 8 + Ending Balance + - 1 + - PROOF